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Company Overview
Silvercrest Asset Management Group Inc (NASDAQ: SAMG) is an independent, employee-owned investment advisory firm that has built its reputation on decades of wealth management expertise. The firm offers a comprehensive suite of asset management and family office services designed for ultra-high-net-worth families and select institutional investors. Combining traditional client-focused service with advanced portfolio construction and modern risk management techniques, Silvercrest has maintained a business model that is both sophisticated and deeply rooted in personal investment experience.
Core Business Areas and Services
At the heart of Silvercrest's operations is its commitment to offering both traditional investment strategies and alternative investment solutions. For its clients, the firm advises on a range of asset classes including equities, fixed income, and cash, while also incorporating non-traditional investments such as hedge funds, private equity, real estate, and commodities. This diversified approach provides clients with a balanced portfolio that is aligned with their individual risk tolerance and long-term financial goals.
Investment Philosophy and Operational Integrity
Silvercrest's investment philosophy is anchored in a commitment to long-term, risk-adjusted performance rather than chasing short-term market manias. The firm emphasizes the importance of investing in a manner that is consistent with each client's risk tolerance, demonstrating an approach that is both analytical and disciplined. With managing directors who average more than 25 years of wealth management experience, the advisor’s strategy merges classic investment principles with state-of-the-art portfolio construction methods, ensuring that asset allocation and risk management are executed with precision.
Client-Centric Focus and Business Model
A key hallmark of Silvercrest is its client-centric approach, a legacy of the service levels traditionally found in private banking. The firm's business structure, driven by employee ownership, inherently reduces conflicts of interest, thereby providing a measure of trust and integrity in its advisory relationships. This unique structure not only benefits its clients by aligning interests between the firm and its investors, but it also supports a collegial culture where each employee is invested in the success of client portfolios.
Operational Expertise and Global Outreach
Leveraging deep institutional knowledge, Silvercrest integrates a diverse range of financial planning services such as tax planning, partnership accounting, fund administration, and consolidated wealth reporting. The firm also regularly updates its investment capabilities by incorporating global and international equity expertise, thus ensuring a diversified approach that can adapt to changing market conditions. With a robust team that combines decades of experience across various market cycles, Silvercrest stays resilient in both bullish and bearish periods.
Competitive Landscape and Differentiators
Within the competitive landscape of wealth management and asset advisory, Silvercrest stands out through its independent ownership and commitment to client-first service. Unlike many larger organizations, the firm is not encumbered by the typical conflicts of interest, offering a purer form of advisory service that prioritizes the client’s needs over corporate gains. The combination of traditional methodologies with innovative investment strategies means that the firm can effectively navigate both conventional assets and alternative investment avenues while providing comprehensive family office services.
Technology, Research and Risk Management
Silvercrest employs state-of-the-art theories and practices in portfolio construction and risk management. The firm’s continuous investment in technology-backed research ensures that their risk management frameworks are both comprehensive and adaptive to market dynamics. This thoughtful integration of research and technology underpins the firm’s ability to provide a robust, diversified strategy that is methodical and measurable in minimizing risk.
Expertise and Industry Experience
Having a team with decades of cumulative experience, Silvercrest showcases deep industry expertise that spans numerous market cycles. This wealth of experience is reflected in their ability to manage portfolios with an eye for detail and a focus on comprehensive asset diversification. Their seasoned professionals leverage historical insights and current market intelligence to build portfolios that are resilient in a dynamic economic landscape.
Family Office Services and Holistic Advisory
Beyond asset management, Silvercrest extends its expertise to comprehensive family office services. This includes detailed financial planning, tax advisory, administrative coordination, and consolidated wealth reporting, all designed to simplify the management of complex family finances. By offering these additional services, the firm ensures that its clients receive a holistic approach to wealth management that optimally positions them for long-term financial stability.
Summary
In summary, Silvercrest Asset Management Group Inc is characterized by its blend of traditional high-touch service with modern, analytical investment strategies. Its independent, employee-owned structure contributes to a conflict-of-interest-free advisory environment that is both trusted and proven through decades of market performance. With a focus on diversified investment strategies, comprehensive advisory services, and an unwavering commitment to client priorities, Silvercrest maintains a significant position in the wealth management industry. Investors and research analysts can value the firm's expertise, well-defined operational model, and its ability to navigate both broad market cycles and specific investment niches.
- Industry-specific keywords: wealth management, asset management, investment advisory
- Core Competencies: portfolio construction, risk management, family office services
- Management Strength: decades of experience across market cycles
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on July 30, 2021, at 8:30 am Eastern Time, to discuss its financial results for Q2 2021, ending June 30, 2021. A news release with the results will be issued before U.S. market opening. The call will feature remarks from Chairman and CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session. Interested parties can listen by calling 1-844-836-8743 for domestic or 1-412-317-5723 for international access. An archived replay will be available on their website.
Silvercrest Asset Management Group reported strong Q1 2021 results, marking its 20th year in business. The firm achieved a 47% year-over-year increase in discretionary assets under management (AUM), totaling $21.9 billion, with total AUM reaching $29 billion. Revenue rose 10.1% to $31.2 million, and adjusted EBITDA was $9.7 million. Despite these gains, net income dropped to $4.3 million compared to $9.7 million in Q1 2020. The Board declared a quarterly dividend of $0.16 per share, payable on June 18, 2021.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on May 7, 2021, at 8:30 AM ET, to discuss its financial results for Q1, ending March 31, 2021. A news release will precede this teleconference, available on their Investor Relations page. The call will feature remarks from Chairman and CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session. Silvercrest reported $27.8 billion in assets under management as of December 31, 2020.
Silvercrest Asset Management Group (NASDAQ: SAMG) reported strong financial performance for the year ended December 31, 2020. Revenue grew by 5.7% to $108 million, fueled by increased client inflows and market appreciation. Discretionary AUM reached $20.6 billion, a 9.6% year-over-year increase, while total AUM grew to $27.8 billion, marking a 10.8% rise. Adjusted EBITDA improved to $30 million, with a margin of 28.1%. Despite rising expenses, net income was $17.5 million, up from $15.4 million in 2019. The company plans to expand its Outsourced Chief Investment Officer Initiative, aiming for over $1 billion in AUM in 2021.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on March 5, 2021, at 8:30 AM ET to discuss its fourth quarter and year-end financial results for 2020. A news release will be issued prior to the U.S. market opening. The call will feature Chairman and CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session. Interested parties can access the call by dialing 1-844-836-8743 or 1-412-317-5723 for international listeners. Archived replay will be available on the company’s Investor Relations page.
Silvercrest Asset Management Group (NASDAQ: SAMG) declared a quarterly dividend of $0.16 per share of Class A common stock on February 10, 2021. This dividend will be paid on or around March 19, 2021 to shareholders of record by the close of business on March 12, 2021. As of September 30, 2020, Silvercrest reported assets under management totaling $24.4 billion, reflecting the firm’s solid financial standing and commitment to returning value to its shareholders.
Silvercrest Asset Management Group reported a 3% increase in total assets under management (AUM), reaching $24.4 billion as of September 30, 2020. Discretionary AUM grew 4% to $17.9 billion, though offset by client outflows of $0.2 billion. Revenue for Q3 was $27.2 million, a decrease of 2.4% year-over-year, along with net income of $3.5 million. The company declared a quarterly dividend of $0.16, payable December 18, 2020. Year-to-date, adjusted diluted EPS rose 13% to $0.85.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on November 6, 2020, at 8:30 am ET to discuss its third-quarter financial results for the period ended September 30, 2020. A news release detailing these results will be published before U.S. equity markets open that day. The call will feature Chairman and CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session. Interested parties can join by calling 1-844-836-8743, and a replay will be available on the company’s Investor Relations page.
Silvercrest Asset Management Group reported solid Q2 2020 results despite COVID-19 challenges. Total assets under management (AUM) rose 16% to $23.8 billion, with discretionary AUM growing 16% to $17.3 billion. Revenue slightly increased to $24 million, while adjusted net income reached $4 million, or $0.28 per share. Silvercrest experienced strong organic growth, reporting $200 million in net organic inflows. The company declared a quarterly dividend of $0.16 per share, set to be paid on September 18, 2020. Silvercrest's OCIO business is also on the rise, advising on half a billion in AUM.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on August 4, 2020, at 8:30 am ET to discuss its second-quarter financial results for the period ending June 30, 2020. A news release will precede the call, available at Silvercrest Investor Relations. The call will feature CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session. Additionally, a quarterly dividend of $0.16 per Class A share has been declared, payable on September 18, 2020 to shareholders of record as of September 11, 2020.
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